Trader bets $24M on Nasdaq-100 hitting all-time high by July, signaling strong tech optimism.

A trader placed a $24 million bet on a call spread in the Invesco QQQ Trust ETF, wagering that the Nasdaq-100 index will reach an all-time high by the end of July. This is the third-largest options trade of the day and reflects high conviction in a tech market rebound despite recent flat performance since mid-May. The trade involves buying calls at a $736 strike price and selling a call spread to reduce cost, pushing the breakeven point to about $750, just above the recent high. This move signals optimism for a strong upward move in tech stocks, even as the broader market remains range-bound.